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Best travel credit cards in Canada

Nate Siegel Author
Cory Santos Credit card editor

Fact checked by Scott Birke

Updated May 20, 2025

A travel rewards credit card can help your travel plans with everything from earning points or miles on your next flight to letting you relax on the go with lounge access and other premium perks. Compare travel credit cards in Canada here and find the best one for you.

While we adhere to strict editorial guidelines, partners on this page may provide us earnings.

✈️ Our 3 best travel credit cards in Canada

Using a travel credit card for everyday purchases really can get you flying faster. Compare travel credit cards in Canada here.

Looking for the best travel credit card in Canada? Whether you’re a bargain hunter, snowbird, frequent flyer or bonus surfer, we’ve handpicked the best card for travel rewards (part of our bigger Best Credit Cards Canada list) to help you fly and stay for less (or for free!).

  • Why you can trust Money.ca's best travel credit cards in Canada list

    +

    Money.ca rates all credit cards on a numeric scale of 1 to 5 stars, with 1 being the lowest and 5 the highest rating, respectively. Money.ca’s proprietary scoring formulas break down the confusing language, complex points, rewards and earn rates to give you the real data that caters to your needs first, not ours.

    Our partnerships have no impact on our ratings, which are solely determined by the merits of each card. To learn more about how we researched and ranked these cards, read our full credit card review methodology.

Best travel credit card in Canada overall

up to 40,000 points

Welcome Bonus

$1,646

First Year Value

$546

Annual Value

Welcome Bonus: Join and get up to $1,100 in value in your first year!†

Apply Now On CIBC's Secure Site

CIBC Aeroplan® Visa Infinite* Card - 🏆 Winner, Best travel credit card in the Money.ca Credit Card Awards

So, which card is best for international travel? The CIBC Aeroplan® Visa Infinite* Card is our top pick for the best travel card thanks to the huge amount of Air Canada benefits it provides. Maple Leaf Lounge access is free, plus six complimentary visits to other lounges through Visa, free checked bags on Air Canada, Canadian security fast pass, and more. All told, the first-year value of the card is nearly $1,400.

Key features:

  • Annual fee: $139 (one-time annual fee rebate ($139) for the primary cardholder and up to three authorized users ($50 each)†)
  • Earn rates: 1.5 points for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®; 2 points at over 150 Aeroplan partners and more than 170 online retailers through the Aeroplan eStore; 1 point for every $1 you spend on all other purchases.
  • Travel insurance: Flight delay, baggage delay, trip cancellation/interruption and travel accident emergency insurance; purchase protection and extended warranty protection; auto rental collision damage.
  • Extra travel features: Book flight rewards for fewer points through Aeroplan; complimentary Avis Preferred Plus upgrade; 24-hour Visa Infinite concierge

CIBC Aventura Visa Infinite pros and cons

Pros
  • Earn up to 40,000 bonus Aeroplan points in the first year
  • Earn up to 1.5 Aeroplan points on purchases
  • Free checked bags on Air Canada flights
  • Special pricing on Aeroplan flight rewards
  • Includes travel insurance
Cons
  • High income requirement of either $60,000 personal or $100,000 household
  • Rewards go furthest when redeeming for Air Canada flights, so that can limit your travel options

Disclosures:

  • †Terms and Conditions Apply. This offer is not available for residents of Quebec.
  • The information for the CIBC Aeroplan® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.

Best travel credit card for first-year value

up to 80,000 points

Welcome Bonus

$2,581

First Year Value

$81

Annual Value

Welcome Bonus: Earn up to $2,500* in value in the first 14 months, including up to 80,000 bonus Scene+ points. Expires Oct 31, 2025

Apply Now On Scotiabank's Secure Site

The Scotiabank Platinum American Express® Card provides an excellent first-year value. Beyond that first-year value, however, is a robust travel card that provides extensive travel insurance, charges no foreign transaction fees, complimentary airport lounge access and more.

Key features:

  • Earn rates: 2X the Scene+ points for every $1 spent on all eligible purchases; 4 Scene+ points per $1 spent on hotel and car rental bookings through Scene+ Travel.
  • Travel insurance: Flight delay, baggage delay, trip cancellation/interruption, travel accident emergency insurance, purchase protection and extended warranty protection, and auto rental collision damage. The card also features hotel/motel burglary coverage and mobile device coverage of up to $1,000.
  • Extra travel features: Hertz #1 Club gold membership, 10 complimentary airport lounge passes per year and premium concierge service.

Scotiabank Platinum Amex infinite pros and cons

Pros
  • The card offers a competitive low interest rate on purchases, cash advances, and balance transfers
  • Comprehensive insurance coverage
  • Complimentary Airport lounge access
  • No foreign transaction fees
  • Ideal for travelers as it has no foreign transaction fees
  • Offers a substantial welcome bonus that includes up to 80,000 Scene+ points
  • Enjoy premium perks like Hertz #1 Club Gold membership and concierge services.
Cons
  • High annual fee: At $399, the annual fee is steep, which could offset the rewards and benefits for some cardholders
  • Below average rewards rate: Lower compared to other cards with similar or lower annual fees
  • Limited American Express acceptance: Especially outside major cities
  • Rewards potential: The net rewards potential is relatively low when considering the high annual fee
  • Non-transferable points: Scene+ points cannot be transferred to other rewards programs

Disclosures:

  • Conditions Apply. Visit here for the Scotiabank Platinum American Express® Card to learn more.*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Best Canadian Aeroplan points card

up to 40,000 pts†

Welcome Bonus

$436

First Year Value

$0

Annual Value

Welcome Bonus: Earn up to $1,300 in value† including up to 40,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply.

Apply Now On TD's Secure Site

Aeroplan is the most popular travel reward program among our readers, and the Aeroplan card that currently brings the most value for its annual fee is the TD® Aeroplan® Visa Infinite* Card. 

If you're looking for the best credit card for points, and you love Aeroplan, this is the card for you.

Key features:

  • Earn rates: 1.5 points† for every $1 spent on eligible gas, electric vehicle charging, grocery and direct through Air Canada® purchases (including Air Canada Vacations®). Every other purchase earns 1 point† per $1 spent.
  • Travel insurance: Up to $2M travel medical coverage for 21 days for those under the age of 65 with additional top-up coverage available†. Trip cancellation and interruption†, delayed and lost baggage†, and flight/trip delay insurance† also included.
  • Extra travel features: Free checked bag when flying Air Canada (share free first checked bags with up to 8 travel companions)†.
  • TD Expedia travel: Be sure to book your travel with expediafortd.com to find amazing deals and offers exclusive to TD card holders
  • TD credit score: As a Visa Infinite card, you'll need your credit score to be in the "very good" range to increase your likelihood of approval.
  • Aeroplan estore login: Log in to the Aeroplan estore to find discounts and savings exclusive to Aeroplan members—save on flights, link to partners for better redemptions, and more.
  • NEXUS: Apply for the NEXUS program and once every 48 months get an application fee rebate (up to $100 CAD)†.

TD Aeroplan Visa Infinite pros and cons

Pros
  • The card has a high earn rate for Aeroplan Points, generating 1.5 points† per $1 spent on eligible purchases.
  • Insurance offered includes coverage in the categories that travellers need, and is generally better than its Aeroplan peers at a similar annual fee level.
Cons
  • No airport lounge membership or free lounge access.
  • Aeroplan points can’t be redeemed for flights outside the Star Alliance network, nor can they be redeemed for cash credit. This makes them less flexible than some competing travel rewards programs.

Disclosures:

  • †Terms and conditions apply.

    This offer is not available to residents of Quebec.

    The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.

Best credit card for overseas travel with a modest annual fee

up to 60,000 pts†

Welcome Bonus

$2,320

First Year Value

$570

Annual Value

Welcome Bonus: Get up to $1,750 in value, including up to 60,000 Aventura Points.†

Apply Now On CIBC's Secure Site

The CIBC Aventura® Gold Visa* Card is a great option for any frequent travelers and spenders thanks to its impressive welcome bonus, lounge access, modest annual income requirements and a first year free for new accounts (and a $139 fee after that).

Key features:

  • Regular earn rates: Earn 2 points for every $1 spent on eligible travel purchased through the CIBC Rewards Centre†; 1.5 points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores; and 1 point for every $1 spent on all other eligible purchases†
  • Travel insurance: Full suite of travel insurance, including travel medical insurance, common carrier accident protection, hotel burglary insurance, flight and baggage delay coverage, purchase protection, and more.
  • Extra travel features: Visa Airport Companion Program membership + 4 free lounge entries annually; no blackout dates when booking award travel; NEXUS◊ application fee rebate†

CIBC Aventura Gold pros and cons

Pros
  • High value welcome offer
  • Minimal household annual income required
  • Exceptional points-redeemable travel opportunities and other perks
Cons
  • High annual fee (rebated for your first year)†

Disclosures:

  • †Terms and Conditions Apply. This offer is not available for residents of Quebec.
  • The information for the CIBC Aventura® Gold Visa* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.

Best Canadian travel card for lounge access

up to 90,000 points

Welcome Bonus

$1,072

First Year Value

$322

Annual Value

Welcome Bonus: Get up to 90,000 points and the annual fee waived on your first anniversary for both the primary cardholder and authorized users.* Expires Jun 01, 2025

Apply Now On BMO's Secure Site

Those who appreciate comfy furnishings, good food, and drink during a long flight layover might be inclined to drift into an airport lounge—but lounging gets pricey if you don’t have free access privileges. First, there’s the per-entry fee, usually around $30 or so. And many airport lounges require you to pay an annual membership fee as well. Frequent travellers/loungers can avoid these ballooning costs by using the BMO Ascend World Elite®* Mastercard®*, which grants complimentary membership in Mastercard Travel Pass provided by Dragon Pass with 4 annual complimentary passes. That feature alone is worth as much as the card’s annual fee.

The lounge access feature has high real-world value: entrance with DragonPass will normally cost $32 USD each, and the BMO card’s 4 annual passes can be used either for the cardholder or a guest. And Dragon Pass isn’t some obscure program with a few random hole-in-the-wall lounges at airports you’ll never stop in. It’s one of the largest lounge networks in the world, with about 1,300 lounges worldwide.  

Key features:

  • Earn rates: 5x the points for every $1 spent on eligible travel purchases,* 3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments,* 1 point for every $1 spent everywhere else.*
  • Travel Insurance: Comprehensive travel insurance*
  • Airport lounge access: Complimentary membership in Dragon Pass,* with 4 annual complimentary passes.

BMO Ascend pros and cons

Pros
  • High-value welcome offer
  • Flexible airport lounge access
  • BMO Rewards points can be used to cover flight taxes and fees
  • Great for those who frequently rent cars
  • Good for Costco and No Frills shoppers
Cons
  • So-so earn rates relative to its annual fee
  • Points have low redemption value compared to other travel rewards programs
  • Charges foreign transaction fees
  • Relatively high minimum income requirements

Disclosures:

  • *Terms and conditions apply.

    BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

Best credit card for international travel with accelerated points earning

up to 15,000 points

Welcome Bonus

$630

First Year Value

$480

Annual Value

Welcome Bonus: Earn up to 15,000 Welcome Bonus Membership Rewards® points* – that’s up to $150 in value.

Apply Now On American Express' Secure Site

Amex Cobalt Card - 🏆 Winner, Best overcall credit card in the Money.ca Credit Card Awards

The Amex Cobalt is Money.ca's pick for the best credit card in Canada as its one of the best credit cards for points on everyday purchases.

Key features:

  • Earn rate: Earn 5x the points per $1 spent on eligible eats and drinks in Canada, including groceries and food delivery (think cafes, restaurants, bars, and more), earn 3x the points on eligible streaming subscriptions in Canada (e.g. Apple TV+, Crave, Disney+, Netflix, Spotify and more), earn 2x the points on eligible ride shares, transit & gas in Canada (think taxis, flights, subway, trains, etc.) and earn 1 point per dollar spent on everything else. 1 additional Membership Rewards point on eligible hotel and car rental bookings via American Express Travel Online
  • Insurance: Out of province/country emergency medical insurance, travel accident, flight delay, lost luggage, hotel burglary, rental car insurance and more—the Cobalt comes packed with travel insurance. It'll even pay up to $1,000 for mobile device insurance in the event of theft, loss, or accidental damage anywhere in the world (you just have to have bought your phone with the card within 2 years from date of incident).

Amex Cobalt pros and cons

Pros
  • High earn rates (up to 5% return on spending!)
  • Flexible month-by-month fee structure
  • Free supplementary cards
  • 1:1 points transfer with selected hotels, airlines and frequent flyer programs
Cons
  • Accelerated earn rates only apply to purchases in Canada (not to purchases made abroad)
  • Amex has a more limited merchant acceptance rate than Visa and Mastercard
  • Slightly higher than average annual fee

Disclosures:

  • Contact American Express for the most up-to-date referral bonus figures.

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.

Contact American Express for the most up-to-date referral bonus figures.

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.

Best travel rewards card for no foreign transaction fees

up to 40,000 pts

Welcome Bonus

$1,512

First Year Value

$732

Annual Value

Welcome Bonus: Earn up to $780* in value in the first 12 months, including up to 40,000 bonus Scene+ points. Expires Jul 01, 2025

Apply Now On Scotiabank's Secure Site

The lustre of a huge sign-up bonus tends to dim down after the first year ends, and it’s not worth holding onto a card if it doesn’t have long-term value. That’s what makes the Scotiabank Gold American Express® card stand out: Its regular, daily earn rates are so high that it gives permanent value far and above its annual fee.

The Scotiabank Gold American Express® card rewards spending in the categories that the average person drops most of their money on, like 6X Scene+™ points on every $1 CAD you spend in Canada at Sobeys, Safeway, FreshCo, Foodland, and more eligible grocers.¹ Plus, earn accelerated rates at restaurants, other eligible grocery stores, bars and food delivery in Canada (5X Scene+ points for every $1 CAD spent); and eligible gas, select streaming services, and transportation (4X Scene+ points for every $1 CAD) in Canada.

There are two fine-print details that really make the card’s earn rates stand out:

  •  Unlike many American Express cards, these high earn rates are valid for both stand-alone stores *and* chain stores  
  • Aside from earning huge rewards domestically, the Scotiabank Gold American Express® card is also a big asset for spending overseas, because it waives foreign transaction fees while still earning 1X Scene+ point for every $1 on purchases made in a foreign currency.

Key features:

  • Earn rates: Earn 6x Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more; 5x Scene+ points for every $1 you spend on dining, food delivery, food subscriptions, other eligible grocery stores, and eligible entertainment purposes; up to 4x Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia; 3x Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options, including rideshares, buses and subways, as well as eligible select streaming services., 1 Scene+ point on all other purchases; and Earn 1 Scene+ point on all other purchases
  • Travel insurance: The card includes a range of travel insurance coverage, earning it a place on our list of the best credit cards for travel insurance.
  • No foreign transaction fees: The usual 2.5% fee on foreign currency purchases is waived
  • Flexible point redemption policy: Book flights, hotels and a wide variety of other travel services through Scotiabank, or order through another travel platform and then apply the points you’ve earned after the charge shows up on your card statement. Points can also be redeemed to cover travel taxes and booking fees, which is a rarity among Canadian travel credit cards.

Scotiabank Gold Amex pros and cons

Pros
  • Lots of daily spend options to earn multiplied point bonuses
  • Swanky Amex perks like Front of the Line presale concert tickets
  • Save on foreign transaction fees when abroad
  • Fantastic insurance coverage, especially for travel
Cons
  • Relatively low-value welcome bonus
  • $120 annual fee that chews into your point value substantially
  • Scene points redeem poorly for travel

Disclosures:

  • Conditions Apply. Visit here for the Scotiabank Gold American Express® Card to learn more.

    *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.

Best travel credit card in Canada for no-fee rewards

10,000 points*

Welcome Bonus

$340

First Year Value

$240

Annual Value

Welcome Bonus: Earn 10,000 Membership Rewards® points* when you spend $1,000 on your Card within the first 3 months as a new Cardmember.*

Apply Now On American Express' Secure Site

If you’re looking to earn travel rewards but aren’t ready to commit to a credit card with an annual fee, the American Express® Green Card is an excellent place to start. As we mentioned, this credit card has no annual fee, and you can request up to 9 supplementary cards for additional cardholders to supercharge your earnings rate. When you use this credit card, you’ll earn one point per dollar spent on everything. There are no complicated rewards schedules or earnings categories, making it easy to calculate your expected rewards within a year.

You can redeem your membership points in a variety of ways, not just travel. You can use your membership points to pay for purchases on your credit card statement, book travel with American Express Travel Online through the Flexible Points Travel Program, buy merchandise, gift cards or make purchases directly through Amazon.ca.  

On top of this card's generous welcome offer (see above), cardholders have access to American Express invites, allowing exclusive access to a wide variety of exclusive opportunities, including early and reserve ticket sales, early access cinema screenings, and priority lines and bar access at major Canadian theatres.

Key features:

  • Earn rates: 1 point earned per dollar spent with no maximum earning limit.
  • Point transfers: Change points to other popular travel reward programs, like Aeroplan and Avios, at a 1:1 transfer rate.  
  • Extra features: Zero liability, 24/7 customer service, American Express presale ticket access, reserved ticket access, Front of Line E-Updates, American Express Experiences – Cardmember Offers and Events, additional special access for all members  
  • Annual fees: $0  

Amex Green Rewards pros and cons

Pros
  • No annual fee
  • No income requirements (unlike many other no-fee cards)
  • Welcome bonus up to 10,000 points (a $100 value)
  • American Express® Experiences
Cons
  • The card only offers basic extended warranty and purchase protection insurance. No travel insurance or rental car coverage
  • Some places might not accept American Express®. However, most major retailers do (more small businesses are starting to as well)
  • Fewer perks: No specific benefits for travel or dining and no accelerated earning rates on grocery
  • Lower earn rates: The reward earn rates are lower than some other no-fee credit cards

Disclosures:

  • Contact American Express for the most up-to-date referral bonus figures.

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.

Best travel card for USD cash back

$324

First Year Value

$0

Annual Value

Apply Now On Rogers Bank's Secure Site

Foreign transaction fees—the 2.5% penalty that credit cards charge every time you make a purchase in a non-Canadian currency—are a huge waste of money for Canadian travellers. Unfortunately, most Canadian credit cards still charge this fee, and technically the Rogers Red World Elite® Mastercard® does as well. But the Rogers Red World Elite® Mastercard® more than makes up for that by giving cardholders 3% unlimited cash back on all eligible purchases made in U.S. dollars. This not only makes up for the 2.5% fee, but it also results in a 0.5% cashback surplus on your U.S. travels.

The Rogers™ World Elite® Mastercard® is a more appealing option for frequent U.S. travellers than other no foreign transaction fee cards in Canada because most cards in that category merely waive the foreign transaction fees without giving the extra cash back on top. And aside from giving cash back on U.S. dollar transactions, the Rogers Red World Elite® Mastercard® also yields 1.5% in cash back rewards on purchases in CAD$.  

It’s unusual for any credit card to offer this much cash back on all purchases, both foreign and domestic, but this is all the more impressive given that the card has no annual fee. Plus, it offers some travel insurance protections, as well as complimentary membership to Mastercard Travel Pass provided by DragonPass granting access to over 1,300 airport lounges worldwide at $32 USD per person per visit.

Key features:

  • U.S. currency cash back: 3% back on all eligible purchases made in U.S. dollars.
  • Local cash back: 1.5% cash back rewards on all purchases in CAD$ (unlimited)
  • Paid access to airport lounges
  • Some travel insurance

• Local cash back: 1.5% cash back rewards on all purchases in CAD$ (unlimited)

• Paid access to airport lounges

• Some travel insurance

Rogers WE pros and cons

Pros
  • Lucrative cash back rates on USD and CAD purchases, especially for Rogers, Fido or Shaw customers
  • No annual fee with valuable insurance benefits
  • Competitive against foreign transaction fee cards
  • Convenient cash back redemption options
  • Redemption bonus of 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
  • Travel insurance perks and airport lounge access
Cons
  • High income requirement: $80,000 personal or $150,000 household
  • Foreign transaction fee applies
  • Limited redemption options for statement credits

Expert tip: Look past the welcome bonus to compare the best travel credit cards

Don’t get caught up on just the welcome bonus when considering travel credit cards. Consider things like transfer partners and spending categories to ensure you get the most from your travel credit card. Travel credit cards can be incredibly lucrative when you pick the right one. Not all travel cards are equal and it’s important to consider several factors before deciding on the right one for you. Most of us get caught up in the draw of high earn rates and welcome bonuses but you will also want to look the different spending categories, the value of the rewards, whether the rewards can be transferable to other partners (and at what rates), if there are spending caps and limits on how many points you can earn, and of course any added perks and benefits such as travel insurance, lounge access, or discounts with certain brands and companies.

Cory Santos, Money.ca credit card expert

How we choose the best travel credit cards

Choosing the very best travel credit cards is tricky. That's because travel rewards are distinctly different from other reward types because they emphasize points and tangible benefits like lounge access, welcome bonuses, priority boarding, free baggage, and more.

To identify the best travel cards, our methodology focuses on the critical features that Canadians value, including insurance coverage, foreign transaction fees, lounge access and rewards. We carefully evaluate each card, considering fees, interest rates, and welcome bonuses while keeping an eye on the types of perks travellers crave. Things like free bags, priority boarding, and lounge access are values we carefully weigh against the basics to identify cards that provide significantly more value than is charged by the annual fee.

When comparing one travel credit card to the next, be mindful of the card features that are most relevant for your particular lifestyle and spending habits. Do you regularly fly to all corners of the globe? It might be worthwhile to get a card with free airport lounge access, so you can relax during long layovers. Do you prefer to travel with your partner? You might single out cards that offer a free annual companion fare.

There are credit card features purpose-built for all lifestyles. The benefits listed below are common for many of the most competitive travel cards in Canada, and it’s a good idea to review them before applying for a new card.

Compare each travel credit card's sign-up bonus

A large, lump-sum bonus of miles or rewards points is a great reason to apply for a new credit rewards card.

Just keep in mind that many sign-up bonuses are contingent upon the cardholder spending a certain amount in the first few months of cardmembership. But it’s usually worthwhile to try to meet this minimum spending requirement, as a big sign-up bonus might be enough for a short or long-haul flight.

Some sign-up bonuses might also waive the card’s first year annual fee, so those looking for value upfront should prioritize this feature.

Read: Best credit card sign-up bonuses 

Compare earn rates for international travel credit cards

One of the most important features of any travel credit card, and the feature with the most longevity, is the card’s earn rate. Look for a card that earns miles or rewards points rapidly, and in the categories where you most frequently spend (e.g. groceries, gas, etc.).

You might also want to keep your eye out for a card with a high ‘flat’ earn rate, meaning it earns rapidly on all spending you do, not just in specific categories.

Read: Best rewards credit cards

Consider the redemption flexibility for each travel rewards credit card

Some travel credit cards earn miles and membership reward points quickly, but the process of redeeming those miles and rewards might be a headache.

For instance, what if you can only redeem within one rewards program, which has a limited flight selection? Or what if you can redeem rewards for the core price of a flight, but not for additional flight taxes and fees?

When selecting a credit rewards card, it’s important to pay attention to the rewards program’s flexibility when redeeming. It’s equally important to understand the real-world value of points or miles depending on what you’re redeeming them for.

Read: The Canadian loyalty program bible

Compare annual fees

Paying an annual fee for the privilege of using a credit card can be annoying, so depending on your perspective you may want to prioritize travel credit cards with no fee, or those with perks that you know deliver equivalent or greater value to the card’s annual fee.

There’s a range of great travel cards in both camps, from cards with a $0 fee that still earn some miles or rewards, to those with fees reaching $900, but that come with an enormous amount of built-in value, justifying the high annual fee.

We don’t feature cards that can’t justify their annual fee, and when issuers increase a card’s annual fee without a commensurate increase of a value package, we call them out on it.

Read: Best no fee credit cards

Foreign transaction fees

This feature is appreciated most by travellers who often fly abroad or shop online at sites that don’t process CA$.

Foreign transaction fees are typically 2.50% of any purchase not in CA$, and they are charged by the vast majority of Canadian credit cards. Paying with one of the rare credit cards that waive these fees can save quite a bundle throughout a trip.

Read: Best credit cards with no foreign transaction fees

Compare travel credit cards' lounge access

It’s no fun to suffer through uncomfortable airport benches, spotty Wi-Fi and expensive food for hours on end. Access to an airport lounge, of which most airports have at least one, will save these pains and more—and are worthwhile even for a short time.

Membership programs like Priority Pass and LoungeKey offer access to worldwide lounges, over 1,000 each, and they come for free with a number of travel cards. Some cards even grant a set number of free lounge entry passes each year.

Those who spend a lot of time in airports, or who simply detest the crowds, should look for this perk.

Read: Best credit cards with lounge access

Does it come with travel insurance?

Your Canadian health insurance is useless once you travel overseas—and much of it won’t be applicable if you even travel outside your home province. That’s why it’s essential to make sure you have special insurance to cover you in the event of illness or injury while travelling.

You can buy a policy individually from an insurer (see our guide to the Best Travel Insurance in Canada if you opt for that route), or you can look for a credit card that comes with a fleet of travel insurance covering overseas medical emergencies, flight cancellations, interruptions, delays, baggage, rental cars and more.

Read: Best credit cards for travel insurance

Companion fare

Travellers who like to fly with a spouse, friend or relative on trips can use a companion fare or voucher to discount the price of that companion’s second ticket. This might be an annual perk, giving a credit card substantial value over time.

Companion fares are usually secondary perks on upper-tier travel cards with other appealing features as well, like a good earn rate, a large introductory bonus, or insurance.

Read: Best credit cards for companion tickets

Compare processors and acceptance

A card’s payment processor—Visa, Mastercard, or Amex—can influence where and how the credit card can be used.

For instance, Amex cards often feature superior travel rewards and privileges, but some merchants might accept only Visa or Mastercard. The best Amex cards are often designated as ‘charge cards’ rather than credit cards, meaning that a cardholder must pay off the card’s balance in full every month, lest they be charged a very high penalty.

We recommend readers get an Amex card for its superb earn rates and features, but to always carry a Visa or Mastercard as well to pay at merchants that don’t accept Amex.

Travel credit cards vs. other types of credit cards: What's the difference?

Image by Kris from Pixabay

Image by Kris from Pixabay

When it comes to choosing a rewards credit card in Canada, you’ll often find yourself deciding between travel rewards and general rewards cards. Both types offer valuable benefits, but they cater to different spending habits and lifestyle preferences. Let’s break down the key features of each and help you determine which might be the better fit for you.

Similarities

Before we dive into the differences, let’s look at what these two types of cards have in common:

  1. 1 Earn rates: Both card types typically offer points or cash back on purchases.
  2. 2 Sign-up bonuses: Many cards in both categories offer welcome bonuses to new cardholders.
  3. 3 Annual fees: You’ll find a range of annual fees in both categories, from no-fee cards to premium options.
  4. 4 Insurance coverage: Many cards in both categories offer some form of purchase protection, extended warranty, or travel insurance.

Key Differences

Now, let’s explore the major differences between travel rewards and general rewards credit cards:

Feature
Travel Rewards Cards
General Rewards Cards
Reward Type
Points or miles typically used for travel
Cash back or flexible points
Redemption Options
Primarily travel-related (flights, hotels, car rentals)
Flexible (cash back, merchandise, gift cards, travel)
Earn Rates
Often higher on travel-related purchases
Usually consistent across categories or focused on everyday spending
Travel Perks
More likely to offer travel-specific benefits (lounge access, travel insurance)
May offer some travel benefits, but generally fewer
Foreign Transaction Fees
Some cards waive these fees
Typically charge 2.5-3% on foreign transactions
Annual Fees
Often higher, especially for premium travel cards
Range from no-fee to moderate annual fees
Redemption Value
Can offer higher value when redeemed for travel
Typically fixed value (e.g., 1 point = 1 cent)

When shopping for a rewards credit card in Canada, you’ll often find yourself choosing between travel rewards and cash back cards. Both can offer great value, but they suit different lifestyles and spending patterns. Let’s break down the key features of each to help you determine which might be the better fit for your wallet.

Similarities

Before we dive into the differences, let’s look at what these two types of cards have in common:

  1. 1 Earn rates: Both card types offer rewards on purchases, whether it’s points, miles, or cash back.
  2. 2 Sign-up bonuses: Many cards in both categories entice new cardholders with welcome offers.
  3. 3 Annual fees: You’ll find a range of annual fees in both categories, from no-fee cards to premium options.
  4. 4 Insurance coverage: Many cards in both categories offer some form of purchase protection, extended warranty, or travel insurance.

Key Differences

Now, let’s explore the major differences between travel rewards and cash back credit cards:

Feature
Travel Rewards Cards
Cash Back Cards
Reward Type
Points or miles typically used for travel
Cash back on purchases
Redemption Options
Primarily travel-related (flights, hotels, car rentals)
Statement credits, direct deposits, or cheques
Earn Rates
Often higher on travel-related purchases
Usually consistent across categories or focused on everyday spending
Travel Perks
More likely to offer travel-specific benefits (lounge access, travel insurance)
Generally fewer travel-specific perks
Foreign Transaction Fees
Some cards waive these fees
Typically charge 2.5-3% on foreign transactions
Annual Fees
Often higher, especially for premium travel cards
Range from no-fee to moderate annual fees
Redemption Value
Can offer higher value when redeemed for travel
Fixed value (e.g., 1% = 1 cent per dollar spent)
Redemption Complexity
Can be complex, may require strategic planning
Usually simple and straightforward

When it comes to choosing a travel-related credit card in Canada, you might find yourself torn between general travel rewards cards and hotel credit cards. Both can offer fantastic value for travelers, but they cater to different preferences and travel styles. Let’s break down the key features of each to help you determine which might be the better fit for your wallet.

Our favourite hotel credit card is The Marriott Bonvoy® American Express®* Card. Not only can Marriott Bonvoy® reward points be redeemed at more than 7,000 hotels worldwide with no blackout dates within the Marriott, Ritz-Carlton and Delta families, but you can also transfer your points to more than 40 participating airline rewards programs.  

Similarities

Before we dive into the differences, let’s look at what these two types of cards have in common:

  1. 1 Travel focus: Both card types are designed for people who travel frequently or aspire to travel more.
  2. 2 Earn rates: Both offer points or miles on purchases, often with bonus rates on travel-related spending.
  3. 3 Sign-up bonuses: Many cards in both categories entice new cardholders with generous welcome offers.
  4. 4 Travel perks: Both types often include travel-related benefits like insurance coverage or airport lounge access.
  5. 5 Annual fees: You’ll find a range of annual fees in both categories, from moderate to premium options.

Key Differences

Now, let’s explore the major differences between travel rewards and hotel credit cards:

Feature
Travel Rewards Cards
Hotel Credit Cards
Reward Type
General travel points or miles
Hotel-specific points
Redemption Options
Flights, hotels, car rentals, and other travel expenses
Primarily hotel stays, with some options for transfers to airlines
Earn Rates
Often higher on general travel purchases
Highest earn rates on stays with the specific hotel brand
Hotel-Specific Perks
Basic hotel benefits, if any
Extensive perks with the co-branded hotel chain (e.g., room upgrades, late check-out)
Brand Flexibility
Can be used across multiple travel brands
Tied to a specific hotel chain or family of brands
Elite Status
Rarely offered
Often provides automatic elite status or fast-track to higher tiers
Point Value
Generally consistent across travel redemptions
Can offer outsized value for hotel redemptions, especially during promotions
Foreign Transaction Fees
Some cards waive these fees
May or may not waive foreign transaction fees

Should you consider a US dollar credit card?

Many central banks offer US dollar credit cards for those who frequently spend south of the border in the United States. These cards enable you to make purchases in US dollars without credit card foreign currency conversion fees, ideal for those who live part of the year in the US, spend online in USD, or have a US dollar bank account.

As getting a US credit card requires a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), this becomes a major barrier for Canadian citizens and permanent residents to access competitive products offered in the US. Having a domestic credit card that offers many of the same features and perks will allow Canadians to save on foreign exchange fees and conversion rates along the way.

Top tip: Book ahead to save money

Aim to book international flights about 2-3 months in advance, and domestic flights 1-2 months out. This is typically when prices are at their lowest.

Tips for maximizing reward points with a travel credit card

Are you getting the most value for your travel reward points or miles? Here are some tips and tricks to get you started with maximizing your credit card rewards:

  1. 1  Switch up your cards: There is no real benefit to being loyal to a certain credit card. So, if your card isn’t getting you points in a category that can is useful to you right now, then it’s time to change things up. Obviously, you don’t want to lose what you have collected so don’t get rid of your travel card with all of those travel points. Instead, consider getting a cash back card to use in the meantime to access benefits you can use right now.
  2. 2 Choose a card with transferable points/flexible rewards options: Most credit cards limit you to their rewards programs, but some allow you to transfer points, which increases your rewards options. RBC, Marriott and American Express allow you to transfer points to other loyalty programs, which may be more advantageous to you in the long run. Additionally, some cards allow you to use your points for a multitude of things. 
  3. 3 Wait for the big welcome bonuses: Some credit cards offer massive welcome offers. These are what you want to cash in on since the best value you will ever get from your credit card is with the welcome bonus. You want to look for deals that offer about double the value that is normally offered (i.e., 30,000 points instead of 15,000) and, ideally, the annual fee will be waived for the first year.
  4. 4 Cash in for gift cards: Some credit cards require you to make a maximum spend within a certain number of months in order to get those welcome points. For some, that spend threshold can seem pretty high and leave you wavering as to whether or not you actually can spend enough in that time to get that bonus. Well, there’s an easy way around that – gift cards. If you aren’t sure you can spend that amount of money in the required amount of time, think about future spending and stock up on gift cards. Buy gift cards for grocery stores, restaurants, and the preferred coffee shop you frequent, plus birthday/wedding/anniversary gifts for friends/family, etc.
  5. 5 Double dip whenever possible: Double-dipping may not be a good practice at dinner parties, but when it comes to credit card points strategies, it’s a smart one. Loyalty programs such as AIR MILES, Aeroplan and SCENE often let you use this strategy. Here’s how it works.
  6. 6 Make bonus categories work for you: When figuring out how to maximize rewards points, one of the things to consider is the spending categories. You want to focus on the bonus categories – the ones that give you the highest amount of points back per purchase and maximize credit card rewards as much as possible.
  7. 7  Be mindful of spend limits and rules: Figuring out how to maximize rewards points is a great strategy to have that can end up getting you some amazing deals and saving you money. However, you still need to be mindful of the rules of the game. There’s a lot of small print involved that you need to be aware of., including rule changes, spending tiers, earning caps, hidden fees, penalties, point expirations and more. 

What are your credit card points worth?

What are your travel points actually worth? Calculate the value of your rewards points by selecting the loyalty currency of your choosing and the amount of points to check:

What happens to your points if you cancel a travel credit card?

Say you’ve spent a good amount of time accumulating your travel points over the past several years, and are now ready to cancel your travel credit card—where do your rewards points go? Will you lose them or are they yours to keep and store for future use?

While the answer to this question can vary depending on the terms of your credit card and the credit card provider, your airline rewards are usually safe. Usually, your rewards are deposited in a frequent flier account, which is separate from your credit card, should it close for whatever reason.

However, it’s important to keep in mind that you can lose access to your points if you don’t use them fast enough. Some frequent-flier programs will expire your points if there isn’t activity in your account for a long period of time, so check the fine print that came along with your account.

Top tip: Eat in and save big

Eating out for every meal adds up quickly. Opt for accommodations with kitchens or kitchenettes to save on food costs. Airbnb and apart-hotels are great options for this.

Summary of our top travel credit card picks

Credit card Annual fee Min. personal income required Learn more
CIBC Aeroplan® Visa Infinite* Card
$139 (one-time annual fee rebate) $60,000 Apply now
Scotiabank Platinum American Express® Card
$399 $12,000 Apply now
CIBC Aventura® Gold Visa* Card
$139 (One-time annual fee rebate†) $ Apply now
BMO Ascend World Elite®* Mastercard®*
$150 (first year waived) $80,000 Apply now
American Express Cobalt® Card
$155.88 ($12.99/month) None Apply now
Rogers™ World Elite® Mastercard® $0 $80,000 Apply now
Scotiabank Gold American Express®
$120 (waived for the first year) No minimum income requirements presented; please see Scotiabank. Apply now
Scotiabank Passport® Visa Infinite* Card 
$150 $60,000 Apply now
American Express® Green Card
$0 N/A Apply now
TD® Aeroplan® Visa Infinite* Card
$139 ( annual fee rebate for the first year†) $60,000 Apply now

Disclosures:

  • †Terms and conditions apply.

The bottom line on travel credit cards

Choosing the right travel credit card can be your ticket to more rewarding adventures. Whether you're a frequent flyer or an occasional vacationer, there's a card out there that can elevate your travel experience. Remember, the best card for you depends on your spending habits, travel goals, and lifestyle.

Don't just chase flashy sign-up bonuses - look for a card that offers long-term value through strong earn rates, flexible redemption options, and travel perks that match your needs. Consider factors like annual fees, foreign transaction charges, and insurance coverage to ensure you're getting the most bang for your buck.

Best travel credit cards in Canada FAQs

  • Which travel credit cards are accepted worldwide?

    +

    The generalization that Visa and Mastercard are more widely accepted than Amex is not necessarily the case abroad like it is in Canada. American Express carries a lot of prestige and has a large network in foreign countries, and before travelling it’s best to check on a country-by-country basis about which card processors are most widely accepted. Merchants in some areas may inexplicably tend to support Mastercard over Visa, for example. For more, read our guide on where Amex is accepted in Canada.

  • Which travel credit cards offer the best travel insurance?

    +

    Out-of-province medical coverage is what most refer to when they say they want the best insurance that their credit card can provide. Medical coverage is measured by the amount of time it covers you while you’re travelling and the maximum age limit that it covers. Aside from out-of-province medical coverage, it’s also good to have insurance for delays and interruptions, your baggage, rental car and other potential liabilities. The best cards combine all into one, like the Desjardins Odyssey® World Elite® Mastercard or the Scotiabank Gold American Express®.

  • Can I get a travel card with low/bad/fair credit?

    +

    There are travel cards in Canada accessible to applicants with credit scores in the mid-600 range or higher. These travel cards designated for those with average/fair credit scores likely won’t feature the most sought-after travel perks, like lounge access or extensive travel insurance, but they should at least earn some travel rewards or miles for regular spending. Keep in mind that your credit score will also affect your credit limit. For more read our best credit card for fair credit guide.

  • Will applying for multiple travel credit cards ruin my credit score?

    +

    It’s best to minimize the number of credit card applications you make within a period of a few months. Each credit card application review will typically require a hard credit check, and many hard credit checks in a short period could damage your credit score and suggest to a potential lender that you aren’t creditworthy.

  • What is Mastercard Travel Pass?

    +

    Mastercard Travel Pass is a suite of travel-related benefits and services available to eligible Mastercard cardholders in Canada. The program, provided by DragonPass, aims to enhance your travel experience by offering a range of perks and conveniences. From discounted transportation and accommodation to exclusive access to dining and entertainment options, Mastercard Travel Pass has you covered.

    What are the top benefits of Mastercard Travel Pass?

    One of the key features of Mastercard Travel Pass is the airport security fast track and lounge visits. As a member, you'll have the privilege of fast-track access through airport security, saving you valuable time. Moreover, you'll have access to over 1,300 global lounges across Canada, including nearly 10 airport lounges. This means you can relax and unwind in comfort before your flight.

    Additionally, you'll have access to dedicated travel information to keep you informed of the latest travel policies.

    How does Mastercard Travel Pass work?

    If you are eligible, you can enroll in the Mastercard Travel Pass program by visiting the Mastercard website. The enrollment process typically involves providing personal and card information. Once enrolled, you must activate your Mastercard Travel Pass by downloading the dedicated mobile app (available in the Apple App Store and Google Play for Android) or accessing the program's website. This will allow you to access the available benefits and services.

    Not all Mastercard products are eligible for the Travel Pass program. It is an optional extra offered by some banks for premium travel cards, such as the TD® Aeroplan® Visa Infinite Privilege Card. To determine if you qualify, it is important to check with your card issuer or review your card's terms and conditions.

    Using Mastercard's Travel Pass is straightforward:

    - Use the Travel Pass app to find the airport lounge you are interested in.

    - Show your membership at the lounge entrance to enjoy free* access.

    - Track your lounge visits and remaining visits through the app.

    Mastercard Travel Pass terms and conditions to know

    Some banks offer Travel Pass to the primary cardholder and one authorized user. This means that both you and your joint cardholder will receive your own set of visits.

    Guests are welcome in select DragonPass lounges (LoungeKey lounges) but must be an eligible Travel Pass member to enter. Additionally, guests may be charged a guest fee of $32 USD unless the account holder redeems one of their complimentary visits.

    Complimentary lounge access passes reset each January. Unused passes do not roll over, so planning your travel carefully is important to avoid missing out on free lounge access and more.

    *See your card's terms and conditions for more information on applicable charges.

    More: The best lounge access credit cards in Canada

  • Can you get free flights with a Canadian credit card?

    +

    Getting free flights, the holy grail of credit card rewards, is easier than it seems. While some people spend years diligently saving up enough miles to fly free, others have figured out a way to earn free flights in a matter of minutes.

    Actually, it’s really no secret at all. Travel hacking is the totally legal and cunningly simple craft of getting free flights with credit cards. What makes travel hacking so appealing is that it’s easy, fast and can be used even if you’re not a big spender, frequent flyer, or credit card aficionado. Why spend $25,000 and wait a year to earn enough miles from your credit card for a free flight when you can do so right away just by signing up for a new card offer? In fact, you can sign up for multiple credit cards and get multiple free flights – every year.

    Credit card welcome bonuses are one of the easiest ways to get a free flight. Simply apply for a credit card with a sign-up bonus large enough to fund free airfare. You can sign up for multiple credits cards throughout the year, giving you multiple tickets, and some cards might even waive or rebate their first year’s annual fee.

  • What can I use instead of a credit card for travel?

    +

    We recommend using a credit card because you'll be covered in case you're a victim of fraud. But you can also make sure you have access to backup payment methods, including debit and cash. While credit cards are widely accepted in North America, there are countries where cash remains highly preferred or the only acceptable payment method.

    It’s essential to research before travelling, notify your credit card company, be vigilant while spending, and frequently review your credit card transactions on your bank’s mobile app.

Disclosures:

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply. BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

Nate Siegel Author

Nathan Siegel has a professional and educational passion for finance, and is a long-time writer for GreedyRates. He follows trends in the Canadian banking sector, compares competing products, and pours over fine print to make personal finance choices easier for Canadian consumers. In his spare time he loves running, swimming, and dogs of all kinds.

Cory Santos Credit card editor

Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.